The stock market seems to be heading back up again today with all three major markets reporting gains. The Dow Jones saw an increase of 329.04, the NASDAQ of 82.26 and the S&P 500 of 27.53. These numbers look pretty good after yesterday’s drop. Dow Jones The Dow Jones closed today at 27,781.70, an
Month: September 2020
With the pandemic continuing longer than anyone saw coming there’s been continued talk about a second stimulus package for several months. But is it actually coming? The latest bill proposed by House Democrats is expected to be voted on tonight, but that doesn’t mean that it’s going to be coming to us anytime soon. Once
If ever there was a time to be in charge of pension plans, 2020 is not your year. The German manager Allianz is learning that the hard way after multiple pension groups of American workers including teachers, logistics drivers, public transportation operators, and law enforcement groups have accused them of taking risks above and beyond
Demand for fixed income exchange-traded funds has been on the rise as investors look to diversify their investment portfolios, given the uncertainties triggered by COVID-19. ETF funds have been cropping up as fund managers look to provide investors ideal investment tools for gaining exposure in the broader stock market. Likewise, Bloomberg is poised to become
The bond market is heating up as people continue to reassess risk in the aftermath of the pandemic. Bond spreads have increased significantly amid a spike in bond issuance at the back of strong demand as people continue to shrug off the low interest environment. Vanguard is the latest investment firm to take advantage of
The stock market saw it’s first day of straight losses in several days today with all three New York Exchanges showing a decrease. The Dow Jones saw a drop of 131.4, while the NASDAQ dropped 32.277 and the S&P 500 dropped 16.13. Dow Jones The Dow Jones today saw a decrease of 131.4 points
With everything that’s happening around the world as a result of the coronavirus it’s no surprise that many businesses have had to not only furlough a large quantity of employees, but lay them off and even let them go as well. Unfortunately, the Walt Disney Company is one of the companies that’s being forced to
There’s been talk about whether or not a new coronavirus stimulus package will be passed by the current administration before the election. While President Donald Trump originally stated that a second stimulus would come prior to the election, with the vote only five weeks out it doesn’t seem likely that a bill will pass through
Uber has won a major tussle that threatened its operations in the city of London. A judge has ruled that the ride-hailing service can continue operating in the city after the company was sued for a pattern of failures that resulted in the cancellation of its license. Uber London Misfortune Uber found itself on a
A court battle that could define Apple Inc. (NASDAQ:AAPL)’s App Store future has started in California. The tech is facing antitrust scrutiny in a federal court over the way it operates its lucrative app store. Leading the charge is Epic Games Inc., which has sued the company for removing its shooter survival game after it
The IRS over the years has admitted that in most circumstances the higher income you are the less likely it is that an auditor will turn up at your door for an audit. That point draws more public ire today now that many places are reporting that President Trump paid less than $1,000 in 12
Those expecting a more powerful recovery in the unemployment and jobs report for September will have to wait longer as the initial estimates show a weaker economy as items put off by average Americans appear to be catching up with them. With an unemployment rate that is still above 8%, which is much higher than
The stock market set a good start for the week with an increase in values across all three major markets of the New York Stock Exchange today. The Dow closed up 410.10 points, the NASDAQ up 203.96 points and the S&P 500 up 53.14 points. The Dow Jones The Dow Jones today closed up
Quibi is up for sale. The short-form streaming service gunning for market share in the multibillion content streaming businesses has opened discussions with a number of advisers as it considers a range of options, which also includes the sale of the business. The company is also considering raising money or going public by merging with
Tesla Inc. (NASDAQ:TSLA) is far off from mass-production as it continues to polish its battery technology. In the just-concluded ‘Battery Day’ event, CEO Elon Musk affirmed they are far from getting their own cells in car batteries. The fact that the company still has prototype cells in cars underscores the fact that the batteries are
The five largest value stocks on Wall Street are seeing some big problems as the year starts to draw to a close. These companies, including Facebook Inc. (FB), Amazon.com (AMZN), Apple Inc. (AAPL), Microsoft Corp. (MSFT) and Alphabet Inc. (GOOGL) (GOOG) are starting to see the worst decline over a month. Approximately $817 billion in
Before market open several stocks saw increases to their overall value, including Costco (COST), AstraZeneca (AZN), Novavax (NVAX), Harley-Davidson (HOG) and Redfin (RDFN). Several stocks saw a lot of movement throughout the premarket today, and they were primarily in the tech and medical markets, though there were several retail establishments that saw dramatic improvements early
The New York Stock Exchange saw improvements across the board for the second straight day with all three major exchanges showing an increase in their overall stock values. The Dow Jones closed up 358.52 points, the NASDAQ up 241.296 points and the S&P 500 up 51.87 points. This represents slight improvement after several days of
A video of a police officer rescuing an American flag has gone viral, eliciting praise across the divide at a time when the U.S is highly divided. At the center of remarkable act is Peoria Police officer, Shelly Montes, who was captured in a Ring video picking up an American flag blown over in the
New York-based Gemini has expanded its footprint into the U.K as it looks to cash in on a boom in bitcoin investments worldwide. Founded by Winklevoss twins, Tyler and Cameron Winklevoss, the cryptocurrency exchange is also looking to expand into Ireland, where it has filed for an operating license. Gemini Europe Expansion Setting base in
The stock market saw an increase today as all three major exchanges saw improvements of their values. Though these value improvements were low, they still represent the first across the board increase in quite some time. This isn’t expected to represent a return to positive trends. The Dow Jones The Dow Jones closed up
The future of the stock market is looking relatively bleak as investors look at falling numbers amid financial pressures throughout the country. Each of the markets was expected to see drops though the S&P 500 was expected to see a correction of a 10% drop below it’s all-time closing high. The NASDAQ also saw a
It’s all about the new products for Amazon as they announced several new offerings that will be coming soon to their lineup of Alexa-enabled devices. Current devices include the Echo line as well as the Ring line. But there are other products in the pipeline for this major tech giant as well. One of the
The NASDAQ and Brazilian fund manager Hashdex have reached an agreement for the launch of the first-ever Bitcoin Exchange Traded funds. The Bitcoin ETF will go live and trade on the Bermuda stock exchange as the two looks to leverage the nation’s crypto-friendly regulations. It was impossible to launch the ETF in the U.S as
The U.S real estate sector has stood tall amid the COVID-19 shocks, unlike in 2009, when it fuelled the financial crisis. However, cracks are starting to appear as businesses struggle to stay afloat as the economy experiences its biggest contraction in recent years. Brookfield Properties, one of the nation’s largest retail estate owners, has embarked
All three stock markets saw their worst day in the last two weeks today, with stocks in the energy sector and information technology sector seeing the worst of it. This means that the S&P 500 dropped a total of 2%, which is the lowest that it’s closed since the end of July. For the NASDAQ,
Once again, all three major stock markets in New York City saw a drop, with the Dow Jones dropping 525.05, the NASDAQ dropping 330.652 and the S&P 500 dropping a total of 78.65. This marks the third day out of the past four of market trading that show a drop in stock value. This brings
Investigations have been underway for JPMorgan Chase regarding their possible manipulation of Treasury and metal markets. It seems. According to sources, that the company is close to making a payment to several U.S. agencies which would amount to nearly $1 billion in order to settle the current situation. It’s expected that a decision will be
The ETF market has been heating up as investors continue to diversify their portfolios amid the uncertainty that continues to grip the global economy and the stock market. A good number of ETFs have performed well on stocks rallying to record highs on shrugging the shocks triggered by the COVID-19 pandemic. iShares U.S Material Outperformance
The bond market has come under immense pressure in the wake of policy maker’s worldwide cutting interest rates to record lows in response to a challenging economic climate owing to COVID-19. Amid the low-interest environment, investors have continued to flock the market in a bid to hedge against uncertainties in the global economy. Transamerica Asset